MapletreeLog acquiring remaining 38% of HK warehouse in Shatin for $104 mil

SINGAPORE (Jan 5): Mapletree Logistics Trust is now the 100% owner of the strata-titled logistics property called Shatin No. 3 in Hong Kong.

This comes after one of MLT’s wholly-owned subsidiaries entered into a sale and purchase Agreement with a third party vendor for the acquisition of the remaining 38% in strata share value in the property for HK$610 million ($103.7 million).

Located at No. 22, On Sum Street in Shatin, New Territories, Shatin No. 3 comprises an 18-storey warehouse with cargo lift access. It has a total net lettable area of 39,125 sqm on a site area of 3,400 sqm.

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